Three ETFs To Watch This Week (TVIX, UUP, XRT, CHS, PCLN, ODP)

Jared Cummans: Last week got off to a rocky start as continuing fears over the security and stability of Greece intensified. As the week wore on, equities were able to recover amid a Greek deal as well as an upbeat jobs report on Friday, marking a third straight month with jobs growth. As the economic recovery gains more and more momentum investors will need to keep a watchful eye on meaningful data as it will be one of the biggest market movers until earnings season rolls around. With a busy week ahead, we outline three funds that are poised for high activity in the coming trading sessions [see also Doomsday Special: 7 Hard Asset Investments You Can Hold in Your Hand].

Why TVIX Will Be In Focus: This ETN is one of the most popular speculative instruments on the market, as it is not uncommon to watch TVIX move by more than 5% on a single day. The fund employs a 2X leverage on short term VIX contracts, making it one of the most volatile ETPs available. As such, TVIX has raked in traders looking to make big bets on an intraday basis, as the fund has an ADV topping 19 million. The coming week will see a slew of important economic data from all around the world, keeping TVIX in the spotlight for nearly every day. This ETN can be used to make bets on how economic indicators will turn out, or to simply hop in on a trend through out the day [see also The Top 10 Cheapest And Most Expensive ETFs].

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Why UUP Will Be In Focus: This ETF is composed of long USDX futures as it represents one of the more popular ways to make a play on the greenback. The fund has over $1.2 billion in assets with an ADV just under 4 million. UUP’s big week will start Tuesday with U.S. advanced retail figures as well as the rate decision from the Fed. The commentary and results of the latter will be especially crucial for how the dollar will trade on the week. Finally, Friday will see U.S. CPI figures as well as University of Michigan consumer confidence, capping off a highly active week for this product [see also Five ETFs George Washington Probably Would Have Liked].

Why XRT Will Be In Focus: XRT tracks an index designed to represent broad retail stocks domiciled in the US. As such, top holdings feature blue chip firms like Chico’s (NYSE:CHS), Office Depot (NYSE:ODP), Priceline.com (NASDAQ:PCLN), and many others. The fund, which debuted in 2006, has approximately $675 million in total assets. Tuesday’s U.S. advanced retail sales report will be a big moment for XRT, as it will likely define the remainder of this ETF’s week. That report is expected to make a nice jump from 0.4% to 1.0%, a welcomed gain. If these figures come in as predicted, look for XRT to gain some momentum, but a miss or negative guidance could spark a selling trend [see also Highlighting The Kings Of The Dividend ETFs].

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